U.S. economic data due for release Tuesday includes the Manpower employment outlook survey, the NFIB small business optimism index, the weekly Goldman Sachs and Johnson Redbook chain store sales reports, and the trade deficit report.

FORBES: Gold Firmer amid Consolidation; Key Events This Week Awaited

Markets were subdued at the open, before rallying after the Philadelphia Federal Reserve released its business outlook survey, showing a higher than expected increase in the index for July.

FORBES: Job Market Still Stuck As Claims Rise, But Philly Fed Reports Signs Of Growth

U.S. economic data due for release Thursday includes the weekly jobless claims report, the housing price index, leading economic indicators and the Philadelphia Fed business outlook survey.

FORBES: Comex Gold, Silver Firmer as EU Summit Results Awaited

U.S. economic data due for release Thursday includes the weekly jobless claims report, the empire state manufacturing survey, the producer price index, Treasury international capital data, industrial production and capacity utilization, and the Philadelphia Fed business outlook survey.

FORBES: A.M. Kitco Metals Roundup: Comex Gold Sees Modest Corrective Bounce After Wednesday's Pummeling

U.S. economic data due for release Thursday includes the consumer price index, real earnings, new residential construction, the weekly jobless claims report and the Philadelphia Fed business outlook survey.

FORBES: A.M. Kitco Metals Roundup: Comex Gold Firmer, At 5-Week High, Amid Bullish "Outside Markets"